Solved

TLR Productions Reported Interest Expense of $9,000, Income Tax Expense

Question 130

Multiple Choice

TLR Productions reported Interest expense of $9,000, Income tax expense of $27,000 and Net income of $110,000. TLR's interest coverage ratio is: (Round your final answer to two decimal places.)


A) 15.222
B) 16.222
C) 0.062
D) 0.066

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q125: When a liability exists, the amount owed

Q126: With regard to long-term debt, collateral represents?<br>A)A

Q127: A company may use two payroll accounts

Q128: During the month, Evergreen Roofing settled $600

Q129: The majority of a company's liabilities are

Q131: FUTA is paid by the employer on:<br>A)the

Q132: Sydney earns $15 per hour and works

Q133: KLR Oil Company is being investigated, following

Q134: Unearned revenues are typically classified as current

Q135: Cypress Corp. had sales on account of